Bending Spoons has agreed a €500m loan facility guaranteed by the Italian state.
The guarantee comes from SACE, Italy’s export credit agency, which is wholly owned by the Ministry of Economy and Finance. HSBC Continental Europe, Intesa Sanpaolo and BPER Banca arranged the facility, which matures in March 2031.
The Milan company will use the money to buy more companies.
“Our aim is to maximize long-term value per share, and we remain focused on deploying capital in a disciplined way to generate attractive risk-adjusted returns, primarily through acquisitions,” said Davide Scarpazza, co-chief financial officer.
What an export agency is funding
